Dana Incorporated Q1 FY2026 earnings call

Bruce mentioned it's his last call as CEO, transitioning to chairman. Byron shared financial results with EBITDA margin improvement, share repurchases, cost reductions, and new business growth with the Ram Dakota program. Tim detailed sales, adjusted EBITDA, adjusted free cash flow, and provided full-year guidance. Also discussed Dana 2030 strategy focusing on profitable growth in traditional, aftermarket, and applied technologies, margin expansion, and shareholder returns

First quarter 2026 sales were $1.868 billion, up from $1.781 billion last year. EBITDA margin came in at 9.2%, a 400 basis point year-over-year improvement. Repurchased 4.4 million shares, returning $125 million to shareholders. The team delivered $35 million of cost reductions in the quarter, on track for $65 million for 2026. Secured the Ram Dakota program with $250 million annual sales launching in early 2028, and three-year net new sales backlog moved from $750 million to $950 million

2026 revenue expected at midpoint of ~$7.5 billion. Adjusted EBITDA expected around $800 million. Diluted adjusted EPS midpoint ~$2.50. Adjusted free cash flow ~$300 million. Sales drivers include tariffs, currency, commodities. Adjusted EBITDA drivers include volume index, favorable mix, performance, cost savings

No specific detailed discussion of risks mentioned in the transcript

Q: Tom Narayan with RBC Capital Markets asked about the green buckets in slide 15 and market share gains.

A: Tim and Byron responded explaining traditional products, aftermarket growth, and applied technology opportunities.

Q: Emmanuel Rosner with Wolf Research inquired about the cadence of earnings improvement and light vehicle sales.

A: Tim answered about quarter performance and better pricing/profitability on EV products.

Q: James Picriello with BNP Paribas asked about operating cash flow and capex clarification.

A: Tim explained adjustments and operating lease buyouts.

Q: Joe Spac with UBS asked about incremental margins on backlog and commercial vehicle market view.

A: Byron and Tim discussed leveraging existing capacity and commercial vehicle mix.

Q: Colin Langan with Wells Fargo asked about delaying the earnings call and unchanged guidance.

A: Tim explained scheduled call and trending to upper end of guidance.

Q: James Mulholland with Deutsche Bank asked about Europe production and cost savings cadence.

A: Tim answered about modest European impact and cost savings cadence.

Q: Dan Levy with Barclays asked about commodity exposure and inflation.

A: Tim discussed commodity indexing and recovery mechanisms